Qred Holding AB (publ) successfully places EUR 40 million of senior secured floating rate bonds and announces intention to redeem its outstanding senior secured callable floating rate bonds
Qred Holding AB (publ), Reg. No. 559031-0685 (the "Company"), has successfully placed EUR 40 million of senior secured floating rate bonds under a framework of EUR 60 million to qualified investors in the Nordics and Europe (the “New Bonds”). The New Bonds will have a tenor of 3 years and the proceeds from the transaction will be used to redeem the Company’s outstanding bonds with ISIN SE0012507267 (the “Existing Bonds”), to fund general corporate purposes, including the provision of new loans, and to finance transaction-related costs.
Pareto Securities AB acted as sole bookrunner on the transaction and the settlement of the New Bonds will take place on 22 April 2022.
In addition, the Company has today exercised its option to redeem the Existing Bonds early. Redemption of the Existing Bonds will occur on 11 May 2022 (the “Redemption Date”). The Issuer will redeem the Existing Bonds at an amount per Bond equal to 100 per cent. of the Nominal Amount (as well as accrued but unpaid interest on the Existing Bonds up to and including the Redemption Date) in accordance with the terms and conditions of the Existing Bonds (the “Redemption Amount”). The Redemption Amount will be paid to each person who is registered as a bondholder in the debt ledger for the Existing Bonds on 4 May 2022 (the “Record Date”).
The notice of early redemption of the Existing Bonds is attached to this press release.
This information was submitted for publication, through the agency of the contact person set out below, at 11:00 CET on 13 April 2022.
For further information, please contact:
Andrea Gyllencreutz Romander, Head of Investor Relations
+46 730 92 66 07, andrea.romander@qred.com
Emil Sunvisson, CEO
+46 708 109 735, emil.sunvisson@qred.com
Andrea Romander
Head of Brand & Communications Qred AB
+46 730 926 607
andrea.romander@qred.com
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